Standard Bank Group completed the acquisition of Mulilo Prieska and Mulilo De Aar from X-Elio.

Standard Bank Group completed the acquisition of Mulilo Prieska and Mulilo De Aar, solar energy projects, from X-Elio, a renewable energy services provider. Financial terms were not disclosed. The proposed transaction is a large merger in terms of which Mulilo Renewable Energy will acquire additional shares, in two related target firms which operate photovoltaic power generation plants, the firms being Mulilo Renewable Energy Solar PV Prieska and Mulilo Renewable Energy Solar PV De Aar and "MRE De Aar". In a related transaction Greenstreet 1, a special purpose vehicle wholly owned by Stanlib Infrastructure Fund II represented by its general partner Stanlib Infrastructure GP 2 will subscribe for shares in MRE.